Homes for sale - 1183 Akron St, Aurora, CO 80010

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Chad Patterson

realestate@chadpatterson.com +1(970) 518-5462

$ 590,000

Est. payment | -/mo

5 Beds

4 Baths

2,263 SqFt

Save

$ 590,000

Est. payment | -/mo

Save

5 Beds

4 Baths

2,263 SqFt

Key Details

Property Type Single Family Home

Sub Type Income Property

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Subdivision Aurora

MLS Listing ID 8641652

Style Contemporary/Modern,Ranch

Bedrooms 5

HOA Y/N false

Abv Grd Liv Area 2,941

Originating Board REcolorado

Year Built 1955

Annual Tax Amount $3,277

Lot Size 9,583 Sqft

Acres 0.22

Property Description

Rare value-add opportunity for a currently cash flowing investment property in the Denver Metro! This is a fully occupied cash-flowing 4plex for $590k with one 2bed/1bath & three 1bed/1 bath units. The two bedroom unit even has an unfinished basement with separate exterior entrance! Here's where the value-add comes into play: one of the units is currently only renting for $775 and the 2 bedroom is only renting for $880, which is unheard of for a rental in the Denver Metro. These will be renewed prior to 3/31/25 for $1,100 and $1,400+. The other two units have already been renewed at $1,100. Conveniently located with strong rental demand, these properties offer steady income potential. Now is the time to act to get a cash-flowing 4plex for a low price before rents increase and the value increases. We originally had 3 side-by-side 4plexes with 1183 Akron, 1193 Akron, and 8960 E 12th, which already sold for $620k on 6/25/24. 1193 Akron Street is also $590k and already has 4 units leased at $1,100 and a common area laundry room with laundry income potential (but no 2nd bedroom unit).

Location

State CO

County Arapahoe

Area Metro Denver

Direction Please use GPS

Rooms

Basement Partial

Interior

Heating Forced Air

Laundry Common Area

Exterior

Garage Spaces 4.0

Roof Type Composition

Building

Story 1

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories One

Structure Type Wood/Frame

New Construction false

Schools

Elementary Schools Kenton

Middle Schools North

High Schools Aurora Central

School District Adams-Arapahoe 28J

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Other Owner

Information and Real Estate Services (IRES)

Listed by MODestate • 303-250-5090

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(970) 518-5462

realestate@chadpatterson.com

201 Coffman Street # 1902, Longmont, Colorado, 80502, United States

1183 Akron St Aurora, CO 80010